1.  That which is bestowed or rendered in consideration of merit; reward; recompense. [1913 Webster]
"A rosy garland was the victor's meed." [1913 Webster]

2.  Merit or desert; worth. [1913 Webster]
"My meed hath got me fame." [1913 Webster]

3.  A gift; also, a bride. Chaucer. [1913 Webster]

1.  To reward; to repay. Waytt. [1913 Webster]

2.  To deserve; to merit. Heywood. [1913 Webster]

meed, n. literary or archaic 1 reward.
2 merited portion (of praise etc.).

Etymology:
OE med f. WG, rel. to Goth. mizdo, Gk misthos reward

N  apportionment, allotment, consignment, assignment, appointment, appropriation, dispensation, distribution, division, deal, repartition, partition, administration, dividend, portion, contingent, share, allotment, fair share, allocation, lot, measure, dose, dole, meed, pittance, quantum, ration, ratio, proportion, quota, modicum, mess, allowance, suerte, apportioning, respective, respectively, each to each.

N  reward, recompense, remuneration, meed, guerdon, reguerdon, price, indemnity, indemnification, quittance, compensation, reparation, redress, satisfaction, reckoning, acknowledgment, requital, amends, sop, atonement, retribution, consideration, return, quid pro quo, salvage, perquisite, vail, douceur, bribe, hush money, smart money, blackmail, extortion, carcelage, solatium, allowance, salary, stipend, wages, compensation, pay, payment, emolument, tribute, batta, shot, scot, bonus, premium, tip, fee, honorarium, hire, dasturi, dustoori, mileage, crown, remunerative, remuneratory, munerary, compensatory, retributive, reparatory, rewarding, satisfactory, fideli certa merces, honor virtutis praemium, tibi seris tibi metis.